October 25, 2014 11:17 AM ET

Health Care Technology

Company Overview of Global Healthcare Exchange, LLC

Company Overview

Global Healthcare Exchange, LLC, a healthcare technology company, provides a cloud-based technology and strategic healthcare consulting services for supply chain management to healthcare organizations worldwide. The company operates GHX Global Network, a healthcare business community that connects supply chain, finance, and clinical professionals with their suppliers and partners. Its products and services include an open and neutral electronic trading exchange; procurement and accounts payable automation; content, contract, and inventory management; business intelligence and reporting; standards enablement and data synchronization; and consulting services, including assessment, AP optimizat...

1315 West Century Drive

Louisville, CO 80027

United States

Founded in 2000

Phone:

720-887-7000

Fax:

720-887-7200

Key Executives for Global Healthcare Exchange, LLC

Chief Executive Officer and President
Executive Chairman
Chief Financial Officer
Chief Operating Officer
Vice President and General Counsel
Compensation as of Fiscal Year 2014.

Global Healthcare Exchange, LLC Key Developments

GHX Partners with PTC to Offer a Solution to Help Medical-Surgical Manufacturers

GHX announced it has partnered with PTC to offer a solution to help medical-surgical manufacturers meet both commercial and regulatory compliance needs, including the submission requirements of the U.S. Food and Drug Administration's new Unique Device Identification (UDI) rule. The FDA's UDI rule aims to dramatically reduce the instances of patient injury and death that result from the misidentification of medical devices. By partnering with PTC, GHX broadens its existing UDI consulting and data services to include the PTC UDI Solution for creating, communicating, and tracking 21 Code of Federal Regulations Part 11-compliant Global UDI Database (GUDID) submissions. The FDA's first UDI compliance deadline for high-risk Class III devices is September 24, 2014, less than five months away. For more than a decade, GHX has worked together with hospitals and manufacturers to synchronize product data, helping build a foundation of greater accuracy for e-business transactions. Today, GHX operates the largest, most accurate and up-to-date product content repository in healthcare, helping to ensure GHX customers are always moving toward greater automation and efficiency. With the addition of the PTC UDI solution capabilities, GHX now offers manufacturers an even more comprehensive set of Global Data Standards compliance offerings, helping satisfy their product data standardization needs for both customers and regulators.

Global Healthcare Exchange, LLC Eliminates 100-Plus Jobs After Purchase

Global Healthcare Exchange LLC, which has been acquired by Thoma Bravo, laid off at least 130 of its employees.

GHX and Premier Healthcare Alliance Partner to Deliver New Functionality to Premier Members

GHX and the Premier healthcare alliance have partnered to deliver new functionality to Premier members using the price activation portal. This agreement will connect Premier members to a collaborative environment that includes distributors and enables all four parties to a contract to collaborate in a real-time environment, allowing them to reduce costs and improve efficiencies. Premier selected the GHX Collaboration Portal solution to enable its members to synchronize contracts with their trading partners faster and more cost effectively. GHX Collaboration Portal brings manufacturers, distributors, providers, and group purchasing organizations together through a single solution to collaboratively synchronize contract pricing. With this agreement, Premier members can now more quickly and reliably access contract savings, and four-way collaboration will help align contract participants to reduce errors, drive greater transparency and enhance price accuracy.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 5, 2014
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